If we had nobody, specially rich people saving their money in the banks you wouldn't have many people getting loans

Loans are sometimes used to start businesses which are beneficial and creates an economic cycle

Nah not these loans

You don’t go to a bank in Luxembourg to start a small business in Ohio

Obviously

Goes to people that are trying to start businesses in Luxembourg

Plus a bunch of these rich people buy paintings and other stuff with inflated value so they don’t have to be taxed or put in banks

lol

And even if you put everything in the banks the wealth never gets dispersed

They guy just makes more money

The wealth never get disperged because companies get bailouts

One of the biggest reason why the rich will stay rich is because we bailout failing companies with tax deductions

Oh you lose $10k this year?

No problem write it as a tax deduction

And this idea was proposed under FDR

In order for the economy to recover supposedly

Insure banks so people didnt stop withdrawing their money

While bailing out companies so company can still keep people in the workplace

This isnt necessarily a bad thing

But you shouldn't be rewarding shit company policy

@Techpriest similar to handouts for homeless people. There’s people who need the help, and those who take it anyways. And it’s difficult to distinguish both effectively, it’s difficult to determine intent.

@Chemar millionaires don’t give a fuuuuuck about the poor. Very few do in my personal experience. They won’t give away their money. Would you? They amass more money than they can spend and keep grabbing more and more.

Yup

I believe you can find them screaming at each other in brexit

According to Carnegie

All rich people abide by the Gospel of Wealth

Dont give away your money to the government, they will inefficiently use it and mishandle it

Dont give your money to the poor they will spend it carelessly

Instead give your money to those who can help themselves

Rich people do give to the poor

But selectively ofc

Thats where most scholarships come from

Its also where library donations come from

Its also how universities are funded

If you were rich

Why would you give some bumbling drug addict $1000?

Would you rather give it to someone who is like you and making business connections

Or someone on the street?

After all lets propose we split up jeff bozo asset of 150 billion dollars into 300 million americans

Every American gets $5000

And thats just it